Ecometals To Sell Stake in Brazilian Manganese Project

Reuters reported that Ecometals (PINK:ECMLF) is selling its stake in the Serra de Navio manganese project for $17 million.

The market news is quoted as saying:

The company said $5 million of the purchase price will be paid subject to results of metallurgical tests, while $1 million will be paid subject to certain logistical matters, the remainder will be paid in cash and securities.

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